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Daily stock market update January 8, 2021 - Market finished the first week much higher
How is stock market today?
Market finished the first week much higher as this has been an eventful start for 2021. The small cap Russell 2000 show real strength.
| Index | Jan. 8 |
| Nasdaq | 2.43% |
| S&P 500 | 1.83% |
| Dow Jones | 1.61% |
| Russell 2000 | 5.91% |
What is the current support level?
Nasdaq, S&P 500, DJIA made a new closing high, but Russell 2000 gives back slightly.
- NASDAQ - above its 50 days moving average line near 12100; current at 13201
- S&P 500 - above its 50 days moving average line near 3600; current at 3824
- DJIA - above its 50 days moving average line near 29400; current at 31097
- RUSSELL 2000 - above its 50 days moving average line near 1825; current at 2091
Psychological levels
- Nasdaq is now above 13000.
- S&P 500 is now above 3800.
- Dow Jones Industrial Average is now above 31000.
- Small cap Russell 2000 is above 2000.
Which industry groups show strength?
There are so many industry groups with strength.
| Sector | Industry | Sub-group | # | Stocks |
| Technology | Technology | Computer Software: Prepackaged Software (Design) | 3 | ADSK, ANSS, PTC |
| Technology | Technology | Computer Software: Prepackaged Software (Education/Media) | 2 | PERI, TWOU |
| Technology | Technology | EDP Services (Medical) | 4 | CERN, CHNG, SLP, TRHC |
| Technology | Technology | Computer Communications Equipment | 5 | ANET, CAMP, JNPR, SILC, SWIR |
| Technology | Technology | EDP Services (Tech Services) | 8 | ACN, CDW, DXC, EGOV, IBM, INFY, PLUS, WIT |
| Technology | Technology | Semiconductors (Equip) | 13 | ACLS, AMAT, ASML, CCMP, COHR, COHU, EMKR, ENTG, KLAC, LRCX, MKSI, TER, UCTT |
| Technology | Technology | Semiconductors (Manufacturing) | 14 | ADI, AMKR, CREE, DIOD, MCHP, MTSI, MX, ON, POWI, ROG, STM, TSEM, TSM, TXN |
| Technology | Technology | Computer Software: Programming, Data Processing (Content) | 9 | ATHM, BIDU, BILI, GOOG, GOOGL, GRUB, IAC, TME, YNDX |
| Technology | Technology | EDP Services | 2 | FFIV, GDS |
| Technology | Public Utilities | Telecommunications Equipment (Wireless) | 2 | IRDM, TDS |
| Technology | Consumer Durables | Telecommunications Equipment | 4 | AAOI, ACIA, LITE, VIAV |
| Retail | Consumer Services | Clothing/Shoe/Accessory Stores | 3 | CRI, PVH, TPR |
| Retail | Capital Goods | Auto Manufacturing | 3 | F, GM, TSLA |
| Retail | Consumer Durables | Specialty Chemicals | 6 | APHA, CGC, CRON, GNLN, OGI, TLRY |
| Retail | Consumer Non-Durables | Package Goods/Cosmetics | 3 | HLF, IFF, MED |
| Retail | Capital Goods | Industrial Machinery/Components | 6 | GLW, IDCC, OLED, ST, SYNA, TRMB |
| Retail | Consumer Non-Durables | Packaged Foods | 2 | ADM, ANDE |
| Retail | Consumer Services | Hotels/Resorts (Gaming) | 3 | BYD, IGT, WBAI |
| Retail | Consumer Services | Consumer Electronics/Video Chains | 3 | AVID, IMAX, ROKU |
| Retail | Consumer Services | Television Services | 3 | DISCA, DISCK, TGNA |
| Retail | Consumer Services | Automotive Aftermarket (Parts) | 3 | GPC, LKQ, ORLY |
| Retail | Consumer Non-Durables | Consumer Specialties | 2 | MOV, SIG |
| Retail | Consumer Services | Department/Specialty Retail Stores | 2 | DG, FIVE |
| Retail | Health Care | Medical/Nursing Services | 2 | CVS, WBA |
| Retail | Consumer Services | Department/Specialty Retail Stores | 3 | PSMT, TGT, WMT |
| Industrial | Consumer Durables | Consumer Electronics/Appliances | 3 | AAON, FIX, WSO |
| Industrial | Basic Industries | Mining & Quarrying of Nonmetallic Minerals (No Fuels) | 5 | CRH, EXP, MLM, SUM, VMC |
| Industrial | Capital Goods | Engineering & Construction | 8 | ACM, GVA, MTZ, PRIM, PWR, ROAD, STRL, TPC |
| Industrial | Basic Industries | Major Chemicals | 5 | CE, HUN, LYB, VNTR, WLK |
| Industrial | Basic Industries | Major Chemicals: Plastics | 4 | DOW, EMN, KRA, TSE |
| Industrial | Basic Industries | Major Chemicals: Others | 13 | ALB, APD, ASH, BCPC, CC, FF, FUL, LIN, MTX, OEC, SCL, SOI, WDFC |
| Industrial | Miscellaneous | Business Services | 2 | BAH, MMS |
| Industrial | Technology | Professional Services | 2 | KELYA, KFRC |
| Industrial | Capital Goods | Electrical Products | 5 | CGNX, FARO, IPGP, ITRI, KEYS |
| Industrial | Capital Goods | Fluid Controls | 13 | BMI, CFX, DXPE, ERII, ESE, FTV, GGG, HY, MNTX, NDSN, PNR, RXN, SXI |
| Industrial | Energy | Industrial Machinery/Components | 5 | DDD, PRLB, SSYS, VJET, XONE |
| Industrial | Capital Goods | Industrial Machinery/Components (Tools) | 3 | KMT, LECO, XYL |
| Industrial | Basic Industries | Aluminum | 8 | CENX, CMC, KALU, MTRN, ROCK, TKR, VMI, WOR |
| Industrial | Consumer Services | Diversified Commercial Services | 3 | ADT, ALLE, RGR |
| Industrial | Transportation | Railroads | 5 | CNI, CP, CSX, KSU, NSC |
| Industrial | Transportation | Trucking Freight/Courier Services | 7 | FWRD, HTLD, JBHT, ODFL, PTSI, SAIA, WERN |
| Industrial | Capital Goods | Auto Manufacturing | 3 | CMI, OSK, PCAR |
| Health | Finance | Specialty Insurers | 5 | CRVL, HCSG, PINC, PRSC, VCRA |
| Health | Health Care | Major Pharmaceuticals | 20 | ALNY, AMGN, ANAB, CHRS, CRSP, EDIT, ENTA, EXEL, GILD, GMAB, ICPT, INCY, LGND, NBIX, NTLA, PCRX, REGN, RGNX, STRO, UTHR |
| Health | Health Care | Major Pharmaceuticals (Diversified) | 4 | ABT, AZN, DHR, JNJ |
| Health | Health Care | Hospital/Nursing Management | 2 | HCA, SEM |
| Health | Health Care | Medical Specialities | 6 | CI, CNC, HUM, MGLN, MOH, UNH |
| Health | Health Care | Medical/Dental Instruments | 10 | ANGO, CDNA, GKOS, ICUI, NEOG, RMD, THC, TRIB, TXG, ZBH |
| Health | Health Care | Biotechnology: Commercial Physical & Biological Resarch | 10 | A, CRL, FLGT, ICLR, MEDP, MYGN, PKI, PRAH, TECH, TMO |
| Health | Health Care | Biotechnology: Electromedical & Electrotherapeutic Apparatus | 7 | DXCM, FONR, HOLX, IDXX, INMD, PLSE, STE |
| Health | Health Care | Other Pharmaceuticals | 3 | ABC, CAH, MCK |
| Commodities | Consumer Services | Farming/Seeds/Milling | 2 | BG, DAR |
| Commodities | Basic Industries | Agricultural Chemicals | 3 | AVD, CF, MOS |
| Commodities | Energy | Industrial Machinery/Components | 16 | ACA, AMRC, AQN, AY, BEP, BEPC, BLDP, CLNE, CWEN, GPRE, IEA, NEP, ORA, PLUG, REGI, TPIC |
| Commodities | Energy | Coal Mining | 3 | BTU, CNX, HCC |
| Commodities | Technology | Semiconductors (Solar) | 7 | CSIQ, ENPH, FSLR, NOVA, RUN, SEDG, SPWR |
| Commodities | Capital Goods | Construction/Ag Equipment/Trucks | 3 | CAT, CNHI, MTW |
| Commodities | Capital Goods | Industrial Machinery/Components | 3 | ALG, DE, LNN |
| Commodities | Energy | Oilfield Services/Equipment | 6 | HAL, NR, OII, OIS, RES, SLB |
| Commodities | Basic Industries | Steel/Iron Ore | 5 | GGB, MT, NUE, STLD, TS |
| Financial | Finance | Major Banks (Midwest) | 6 | ASB, BY, HBNC, TCF, UMBF, WTFC |
| Financial | Finance | Major Banks | 13 | BAC, BCS, BK, C, GS, HSBC, JPM, MS, RY, SMFG, TD, UBS, WFC |
| Financial | Finance | Major Banks (Northeast) | 10 | CFG, CNOB, CUBI, EBSB, EGBN, MCB, MTB, SASR, TBBK, WBS |
| Financial | Finance | Major Banks (Southeast) | 11 | ABCB, BPOP, BXS, FBK, FBP, FHN, HOMB, SFNC, SMMF, SNV, UCBI |
| Financial | Finance | Major Banks (Regional) | 5 | HBAN, PNC, RF, SIVB, USB |
| Financial | Finance | Major Banks (West) | 11 | ABTX, COLB, CVBF, FIBK, FRC, GBCI, HMST, IBTX, PB, WAFD, WAL |
| Financial | Finance | Investment Managers | 7 | AB, APAM, BLK, CG, NOAH, SEIC, TROW |
| Financial | Finance | Major Banks (Savings) | 5 | FFBC, ISBC, NWBI, STL, WSFS |
| Financial | Consumer Services | Other Consumer Services (Specialty) | 7 | BR, CME, ENV, NAVI, NDAQ, TW, VIRT |
| Financial | Finance | Property-Casualty Insurers (Diversified) | 3 | AIG, HIG, MFC |
| Financial | Finance | Property-Casualty Insurers | 7 | ESGR, GSHD, HMN, KMPR, SIGI, THG, TPRE |
| Financial | Finance | Real Estate | 4 | FOR, MMI, RLGY, TPL |
Which industry groups from recent strength show weakness today?
| Relative strength drops by 2% | ||||
| Retail | Consumer Non-Durables | Shoe Manufacturing | 4 | CROX, DECK, RCKY, SKX |
| Relative strength drops by 1% | ||||
| Retail | Consumer Services | RETAIL: Building Materials | 6 | FND, GMS, HD, LOW, SITE, TSCO |
| Relative strength drops by 4% | ||||
| Industrial | Technology | Diversified Commercial Services | 6 | HEES, HRI, RCII, TGH, UHAL, URI |
| Relative strength drops by 2% | ||||
| Health | Health Care | Major Pharmaceuticals (Generic Drugs) | 4 | EGRX, PRGO, TARO, TEVA |
| Relative strength drops by 1% | ||||
| Commodities | Basic Industries | Precious Metals | -4 | BVN, HL, PVG, RGLD |
| Below 50 days moving average | ||||
| Financial | Capital Goods | Homebuilding | -7 | LEN, LGIH, MDC, MTH, NVR, TMHC, TPH |
Disclaimer: MCBOSS CAPITAL provides financial education and information research. None of this information should be used for investment purpose. Please seek professional advice. Information provided may not always be accurate.
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